Global Fatty Acids
Market Report
2024
Fatty acids market was valued at USD 16.89 billion in 2022 and is projected to reach USD 26.62 billion by 2030, registering a CAGR of 5.9% for the forecast period 2023-2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global fatty acids market was valued at USD 16.89 billion in 2022 and is projected to reach USD 26.62 billion by 2030, registering a CAGR of 5.9% for the forecast period 2023-2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Fatty Acids Market Sales Revenue 2022 | $ 16.89 Billion |
Global Fatty Acids Market Sales Revenue 2030 | $ 26.62 Billion |
Global Fatty Acids Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Market Split by Type |
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Market Split by End Use Industry |
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Market Split by Length of Chain |
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Market Split by Source |
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Market Split by Form |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Fatty Acids Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Fatty acids (FA) are carboxylic acids with long aliphatic chains that can either be branched or unbranched and saturated or unsaturated. These fatty acids are derived from plants as raw materials such as coconut, soybean, palm kernel oil (PKO) cocoa beans and others. Fatty acids are widely used across several industries such as household and industrial, cosmetics, personal care, food and beverage, oilfield, rubber and plastic, lubricants.
The rise in awareness about beauty and consciousness is the major factor accelerating the demand for cosmetics and personal care products worldwide. In recent years, increased disposable income has aided the rise of the global beauty and personal care industry. Rising disposable income and a growing expectation among customers to appear attractive are proliferating the growth of the cosmetics and personal care industry. With this growing cosmetics and personal care industry, the use of fatty acids is increasing. Fatty acids are widely used in cosmetics as an emollient or an emulsifier. These are important components of skin surface lipids, and their composition and amount affect the skin condition. Fatty acids, as an emollient, aid to improve skin hydration by locking in moisture and minimizing evaporation to the surrounding environment. The emulsification characteristics of fatty acids act as a thickening factor in skin care products. Fatty acids are essential oily raw ingredients in cosmetics that can be utilized as emulsifiers, softeners, cleansers, and brighteners, among other things. Fatty acids are used in make-up and skin care products such as massage oils, body lotions, and sun-tan oils. The omega fatty acids help to strengthen and smooth the skin's surface. Repair the skin barrier to improve moisture and elasticity. Soothe irritated, sensitive, and red skin. This is enhancing the growth of the fatty acids market. Moreover, increasing awareness about the benefits of a healthy lifestyle and growing consumer preference for a healthier diet is expected to proliferate the market during the forecast period.
Raw materials frequently experience market volatility and are the most important component of fatty acid industry. In recent years, there has been an increase in the prices raw materials that are used in production of fatty acids. Raw materials such as palm, soybean, coconut, rapeseed, and sunflower oil, as well as tallow are constantly facing the price fluctuation. The cost of raw materials occupies around 80% of the total production, according to the LMC International. The price fluctuation generally caused by supply disruptions, pent-up demand, or substantial price peaks and troughs which is affecting the price of fatty acids. As a result, this may hamper the growth of the market.
The outbreak of COVID-19 has affected the production and supply chain of the fatty acids worldwide. Government imposed restrictions, shutdown of operations and sudden disruption of supply chain, shortage of labour, reduced access to markets has affected the raw material producers and fatty acid manufacturers worldwide. Despite the challenges, pandemic has created the awareness regarding the hygiene and healthy lifestyle. The increasing shift in consumer preference for a clean and hygienic lifestyle has led to increase in demand for cleaning and home care products. Thus, the pandemic impacted positively on the fatty acids market worldwide.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Fatty Acids Industry: (In no particular order of Rank)
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In 2022, Asia Pacific accounted for the largest share of around 60.4% of fatty acids market. This largest share is due to the growing home care and pharmaceutical industry in the region. The presence of the large number of manufacturers such as Croda International Plc, Akzo Nobel, and many others are supporting the growth of the fatty acids market in the region. Moreover, favourable regulatory policies by Registration, Evaluation, and Authorization of Chemicals (REACH) to promote sustainable chemicals in the region is accelerating the growth of the fatty acids market.
The current report Scope analyzes Fatty Acids Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Fatty Acids Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fatty Acids Industry growth. Fatty Acids market has been segmented with the help of its Type, End Use Industry Length of Chain, and others. Fatty Acids market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The unsaturated fatty acids segment accounted for the largest share in the year 2022 owing to its increasing usage in various cosmetic products. The unsaturated fatty acids show prominent healing effects on skin inflammation and are also preferred as an important component in diet and they help to reduce the risk of heart disease and lower cholesterol levels. These are some of the factors accelerating the growth of the segment.
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Based on the end-use industry, the household and industrial cleaning segment held the major share in the year 2022 owing to the rising awareness regarding the importance of hygiene and cleaning has led to increasing demand for household and industrial products. Fatty acids have antifungal, antiviral, and antibacterial properties which make them attractive for use in household cleaning applications. Moreover, they are also used in the thickening of liquid products in household and industrial cleaning industries.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Fatty Acids Market is witnessing significant growth in the near future.
In 2023, the Unsaturated Fatty Acids segment accounted for noticeable share of global Fatty Acids Market and is projected to experience significant growth in the near future.
The Household and industrial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Akzo Nobel , Ashland Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Unsaturated Fatty Acids, Saturated Fatty Acids |
End Use Industry | Household and industrial, Cosmetics & Personal Care, Soap and Detergent, Food and Beverage, Oilfield, Rubber and Plastic, Lubricants, Other end-use industries |
Length of Chain | Length of Chain, Short-chain fatty acids (SCFA), Medium-chain fatty acids (MCFA), Long-chain fatty acids (LCFA), Very long chain fatty acids (VLCFA) |
Source | Vegetable Oil, Marine, Nuts and Seeds, Soy and Soy Products |
Form | Oil, Capsule, Syrup, Powder |
List of Competitors | Akzo Nobel, BASF SE, Ashland Inc., Eastman Chemical Company, DOW, Croda International Plc, Cargill Incorporated, Koninklijke DSM NV, Oleon N.V., Arizona Chemicals, and others |
This chapter will help you gain GLOBAL Market Analysis of Fatty Acids. Further deep in this chapter, you will be able to review Global Fatty Acids Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End Use Industry Analysis 2019 -2031
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Chapter 12 Market Split by Length of Chain Analysis 2019 -2031
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Chapter 13 Market Split by Source Analysis 2019 -2031
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Chapter 14 Market Split by Form Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fatty Acids market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Unsaturated Fatty Acids have a significant impact on Fatty Acids market? |
What are the key factors affecting the Unsaturated Fatty Acids and Saturated Fatty Acids of Fatty Acids Market? |
What is the CAGR/Growth Rate of Household and industrial during the forecast period? |
By type, which segment accounted for largest share of the global Fatty Acids Market? |
Which region is expected to dominate the global Fatty Acids Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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